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Delhi Residents Can Now Resolve Gas, Loan, Banking Disputes Without Court
Residents grappling with issues like loan defaults, gas supply disruptions or service lapses by banks and NBFCs may no longer need to take the long road to court. Delhi Lieutenant Governor has cleared a proposal to treat these three services.
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MTNL Defaults On Bank Loans Worth Nearly Rs 8,600 Crore
State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday.
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Lilavati Trust Seeks Removal Of HDFC Bank CEO, Bank Responds
Lilavati Trust has called for the immediate suspension and prosecution of Managing Director and CEO of HDFC Bank, Sashidhar Jagdishan.
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At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
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Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
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Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
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SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
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How Banks And The Fed Are Preparing For A US Default - And Chaos To Follow
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
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Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
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"Chowkidars" Sleeping When Defaulters Looted Public Money: KCR's Daughter
BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.
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Kerala Man Wins Rs 70 Lakh Lottery Hours After Receiving Attachment Notice From Bank
Hours after receiving a loan recovery notice from the bank, a debt-ridden Kerala man wins the lottery for Rs 70 lakh.
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Kerala Fisherman Wins Rs 70 Lakh Lottery Hours After Getting Bank Notice
Barely hours after he received an attachment notice from a bank in respect of his house for default on loan repayment, a fish seller from Kerala was able to heave a sigh of relief as he won the Rs 70 lakh Akshaya lottery of the state government.
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Delhi Residents Can Now Resolve Gas, Loan, Banking Disputes Without Court
Residents grappling with issues like loan defaults, gas supply disruptions or service lapses by banks and NBFCs may no longer need to take the long road to court. Delhi Lieutenant Governor has cleared a proposal to treat these three services.
-
MTNL Defaults On Bank Loans Worth Nearly Rs 8,600 Crore
State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday.
-
Lilavati Trust Seeks Removal Of HDFC Bank CEO, Bank Responds
Lilavati Trust has called for the immediate suspension and prosecution of Managing Director and CEO of HDFC Bank, Sashidhar Jagdishan.
-
At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
-
Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
-
SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
-
How Banks And The Fed Are Preparing For A US Default - And Chaos To Follow
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
-
Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
-
"Chowkidars" Sleeping When Defaulters Looted Public Money: KCR's Daughter
BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.
-
Kerala Man Wins Rs 70 Lakh Lottery Hours After Receiving Attachment Notice From Bank
Hours after receiving a loan recovery notice from the bank, a debt-ridden Kerala man wins the lottery for Rs 70 lakh.
-
Kerala Fisherman Wins Rs 70 Lakh Lottery Hours After Getting Bank Notice
Barely hours after he received an attachment notice from a bank in respect of his house for default on loan repayment, a fish seller from Kerala was able to heave a sigh of relief as he won the Rs 70 lakh Akshaya lottery of the state government.
